As torrential monsoon rains continue to wreak havoc in Himachal Pradesh, the State Disaster Management Authority (SDMA) has reported alarming disruptions across key public utilities along with a grim death toll.
In an exclusive interview with ANI, he said that the tariffs won't have a significant disruptive impact on the US economy, given India's relatively small share of US international trade, around 2.5%.
Himachal Pradesh continues to reel under severe monsoon impact, with widespread damage to public infrastructure and rising fatalities. According to the State Emergency Operation Centre (SEOC), as of 5:00 pm on July 30, 289 roads remain blocked, 346 power distribution transformers (DTRs) are
While some trade and industry leaders warned of short-term disruptions, others expressed confidence that India's strong manufacturing base, especially in sectors such as pharmaceuticals and medical equipment, would help it withstand the impact and forge new trade partnerships.
As of 10:00 AM on July 30, a total of 343 roads remain blocked, 551 power distribution transformers (DTRs) are disrupted, and 186 water supply schemes are out of service across various districts, according to the State Emergency Operation Centre (SEOC).
The warning disrupted railway and air services along the coast and led the operator of the crippled Fukushima Daiichi nuclear power plant to halt the release of treated radioactive water into the Pacific Ocean, as per Kyodo News.
India's measured approach to capital account liberalization, combined with the Reserve Bank of India's proactive foreign exchange management, has played a vital role in cushioning the economy against global disruptions.
The power sector also remains heavily impacted, with the worst-affected regions being Mandi (172 DTRs disrupted), followed by Kangra (5) and Chamba (5). Water supply services have similarly suffered, particularly in Kangra (98 schemes) and Mandi (47 schemes).
India's Union government fertiliser subsidy is expected to increase sharply due to continued disruption in supply of di-ammonium phosphate (DAP) from China, one of its key sources.